The post for third ED has been recently created to take charge of a bank's human resource developments. In January, the ministry interviewed around 40 GMs and later shortlisted 17 in February, 2012.

The finance ministry has already approved of the succession planning approach as recommended by the Khandelwal committee, set up to look into human resource issues at state-run banks. The committee had favoured a common pool of general managers in the industry to be created for future executive directors or chairmen